Are you searching for an API that gives you indium rates in PHP? you will find all the information in this article.
The value of the worldwide indium market is expected to reach USD 584.8 million by 2025, growing at a CAGR of 9.1% over the forecast period. Indium demand is being driven by an increase in the use of electronic equipment or gadgets throughout the world. Over the projected period, the market is likely to be driven by increasing product applications in different electronic devices, particularly flat-panel liquid crystal displays and thin-film photovoltaics.
As a result, the indium market is expected to be extremely volatile soon. You should be aware that knowing this metal’s rates may be critical to the profitability of your company. You may use an API, which is an interface that provides information collected from a specific location, to access this data in PHP.
Why PHP
The PHP (Hypertext Preprocessor) programming language is a general-purpose programming language that may be used to build dynamic and interactive web pages. It was one of the first server-side programming languages to be incorporated into HTML, allowing websites to add functionality without having to access data from separate files. Its utility has risen over time as a result of periodic upgrades that add new features and open up new possibilities.
For data transmission, PHP isn’t used by all APIs. As a result, we advise you to use Metals-API, one of the most commonly used and comprehensive APIs for precious metals pricing, to assist you in making more informed investment decisions. Metal prices, both current and historical, will be displayed. Data on price fluctuations may also be used to investigate pricing changes.
To obtain your API key, follow these steps:
- At www.metals-API.com, you could acquire an API key.
- Check for the indium symbol in the website’s symbol collection (INDIUM).
- Include these metal and currency symbols in the list before using the API. You may also pick between many programming languages and rate kinds, such as historical and spot pricing.
- Last but not least, press the “Run” button.
The information obtained will be shown by the API:
// set API Endpoint and API key
$endpoint = 'latest';
$access_key = 'API_KEY';
// Initialize CURL:
$ch = curl_init('https://metals-api.com/api/'.$endpoint.'?access_key='.$access_key.'');
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
// Store the data:
$json = curl_exec($ch);
curl_close($ch);
// Decode JSON response:
$exchangeRates = json_decode($json, true);
// Access the exchange rate values, e.g. GBP:
echo $exchangeRates['rates']['GBP'];
Why Metals-API
Every day, a big number of developers, small businesses, and major corporations visit Metals-API. More than 500 companies, including Barrick Gold, Chainlink, and Glencore, use this API. They may use this tool to get the current worldwide market value for any metal fast and conveniently.
Metals-API is the most dependable source for real-time precious metals rates since it receives data every minute from around 15 reputable data sources, such as financial institutions. To create real-time programs and software from data, a variety of programming languages may be employed, including JSON, Python, and PHP. It has data on more than 170 commodities and currencies.